Michelle D. Esterman - Oct 22, 2024 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Oct 22, 2024
Transactions value $
$24,559
Form type
4
Date filed
10/24/2024, 04:11 PM
Previous filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $32.3K +27.1K +16.93% $1.19 187K Oct 22, 2024 Direct F1, F2
transaction ASPS Common Stock Tax liability -$7.73K -6.61K -3.53% $1.17 181K Oct 22, 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman has volunteered to temporarily modify her compensation by offering the Company the option to replace up to 30% of her base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Ms. Esterman or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended September 30, 2024, Ms. Esterman received 27,133 shares, which vested immediately.
F2 Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0.
F3 Of the 27,133 shares granted to Ms. Esterman, reported above, 6,606 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 20,527 shares.
F4 Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.